Alibaba Group Holding Ltd Prioritizes Tier-One Cities In 2016

0
Alibaba Group Holding Ltd Prioritizes Tier-One Cities In 2016
By Charliepug (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Chinese online retailer Alibaba has turned its focus back to China after spending much of last year focusing on international expansion. In address to employees today, CEO Daniel Zhang outlined his strategy for this year, which includes plans to grow its operations in Tier-One cities in China. The retailer already has a very large presence in the cities, so growing its operations in them significantly could prove to be a tall order.

The news comes a couple days after Alibaba announced another fundraising round for its financial service unit.

Mohnish Pabrai On Waiting For The Perfect Pitch